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Cost of Living in Fairview Heights

Is it better to rent or buy in Fairview Heights? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$76,587
$1,194/mo

Median in area: $1,194

$171,078

Median in area: $171,078

$34,216

If you Rent

🔑
$1,422 /mo
Base Rent$1,194
Est. Utilities$228
% of Income22.3%
Pre-tax Residual$4,960

If you Buy

🏠
$1,484 /mo
P&I (7.104%)$920
Taxes & Ins$336
Est. Utilities$228
% of Income23.3%
Pre-tax Residual$4,898

Cost of Living FAQs

Is it cheaper to rent or buy in Fairview Heights?›

Based on median housing data, renting is currently more affordable on a monthly basis in Fairview Heights. The estimated all-in monthly cost for renting is $1,422, while owning a median-priced home with a 20% down payment is roughly $1,484 per month (a difference of $62).

How much do utilities cost in Fairview Heights?›

The average monthly utility cost (electricity and natural gas) for a typical home in Fairview Heights is approximately $228. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Fairview Heights?›

To comfortably afford the median rent and utilities in Fairview Heights without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $56,880 per year.